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Search Results 0 to 12 of about 13 (some duplicates have been removed)
or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 days away from the first primaries of the 2014 elect cycle. every day we get closer to those primaries the likelihood of a big deal, something large taking place gets less. so the president is saying there, never minds. what he's saying there -- he knows the political reality of this, having suffered the worst mid-term defeat of any president in 60 years. he knows what happens in mid-term elections. what he's saying is give me what i want now and i'll talk about it later but i'll talk about it at a time when it is next to impossible politically for either party to do anything that doesn't absolutely throw their respective bases. megyn: you had a power play piece yesterday that was all about how the president in your view is intent here not so much on winni
rates on americans. they're saying they're willing to raise revenue, but president obama has one criteria in this debate and that's raising income rates on all americans. right now, the sides are in their two corners on this and nobody is moving. so we're really only a couple weeks out and there's this huge gap, and eamon was right in another aspect. there is this brush fire of conservative lawmakers who don't want to raise revenue at all. so this is a huge problem for speaker john boehner, huge problem for president obama, and for the american economy. >> so right. does this come down to political opinion? is that going to be the sway factor? and if so, where is the political opinion? who gets that vote? >> polls in the united states show that raising taxes on the wealthy is an attractive proposition, a popular proposition. this might come down to december 28th or december 29th, december 30th where both sides are still locked in their corners and one side has to give. now, president obama ran his campaign on raising income rates, raising marginal income tax rates on americans. s
in savings when it comes to tax revenue. but much of that came from raising tax rates for the wealthiest americans, which of course is what president obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raisin
, as well as increase in the rates, a down payment as president obama talked about and we need to spend next year on some of the larger issues. >> it always comes down to the last few weeks in a tough situation we knew was coming. >> you're right, it is frustrating that the republicans are still digging their heels in and refuse to recognize that whatever plan we come up with, and we do have to have fairness and balance and it has to work mathematically and their plan does not. >> the president had nice words to say about you in nominating you for another term. you have a lot going on. >> we have a lot going on in the country and i'm privileged and honored to be with the president to continue to serve. >> we'll take a quick break. lots more news right after this. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i
? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think that's where the compromise is, have it at a higher rate, somewhere in there? >> i think what needs to happen is for the democrats to come forward with ideas for expenditures. because if not, what he's asking for is for speaker
of their money to the federal government. without raising tax rates. >> reporter: and the president today offered this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs
-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax increases and massive spending cuts do take effect. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget management says $115 billion was misspent. that's a tremendous savings r
? >> wouldn't that be nice? how about return to the bill clinton era on capital gains rates? it was bill clinton who pushed it down. now president obama is pushing it way up. yet it would be nice to return to the basis of bill clinton, but that's not what we're doing. we're taking a little bit more here, a little bit more there, a little bit more over there. all to pay for all of this wonderful spending that the president wants. >> steve: maybe in four years when hillary runs for president. you have got to figure that's going to happen. >> i wonder what's going to happen to the economy. it's weak now, you raise taxes a little bit more, what happens to the economy? >> steve: so many people have been forecasting that the president does raise rates, couple of years ago, he said during a recession, that's the worst time to jack up rates. now we're not technically in a recession, but we're in a very soft edge. >> watch out, steve, 'cause here it comes, a little bit more. >> steve: thank you very much. stuart varney doesn't do show tunes, but does talk about the news of the day and politics an
revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlier, the president met with the bipartisan group of governors. >> we understand this will be a shared sacrifice, you have to look at spending cuts. states are willing to do more with less. >> the governors didn't endorse a specific proposal, not the white house version or the house republican version, but they did say that something must be done to avoid those massive mandatory spending cuts tha
. this is something started under president bush, continued under president obama's administration. what does it involve? >> let's talk about why she did this. in the speech she talked about the improvements and lower incidence of hiv and terrific and death rates are going down but still, there is more than a million and a half people dying every year from hiv and aids and that's -- that has to be addressed and talked about a couple of things she wants to see get done. >> sure. >> first of all she would like to see increased mail s circumcisi circumcision. that's voluntary, i should add. increased generic drug use. get those drugs out to the people that need them and also she wants to see condom use promoted more and more distributed so, you know, that's been sort of a controversial thing in many countries. she was very specific about this. >> where do we stand coming to hiv and aids? how does it differ place to place or group to group? >> sub saharant africa has suffered the most. in this country we see too many people dying of hiv and aids and many people with the disease don't know they ha
, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates
Search Results 0 to 12 of about 13 (some duplicates have been removed)